A Veblenian Feminist Articulation of Monetary Theory of Production
19 Pages Posted: 16 Jan 2015
Date Written: January 14, 2015
Abstract
The article presents a further articulation of the monetary theory of production inspired by the writings of Thorstein Veblen. Particularly I offer a formulation of the monetary theory of production as part of broader theorizing about social provisioning and the life process. This includes an analytical focus on non-commodities; an extension of the Veblenian dichotomy to non-market activities; discussion of Veblen’s theory of social valuation in connection to monetary theory of production and class; delineation of as social processes that constitute social provisioning and their commodity and non-commodity aspects. The goal is bridging the gap between monetary theory of production and analysis of “the social.”
Keywords: Thorstein Veblen, capitalism; monetary theory of production, feminist economics, social economics; institutional economics, heterodox economics, social provisioning, social surplus, class, political economy
JEL Classification: B15, B41, B52, B54, P16, Z13
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